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NRW Holdings Announces Receiving Binding LOI for Baralaba North

04 Mar 2022  |  09:16:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Golding receives Binding LOI for Baralaba North

NRW Holdings advised that the Company's wholly owned subsidiary, Golding Contractors Pty (Golding) has received a Binding Letter of Intent to enter into a 5.5 year Mining Services Agreement with Wonbindi Coal Pty at the Baralaba North Mine. The award is valued at $800m and continued the clear relationship between Golding and Wonbindi Coal Pty where Golding has provided the Contract Mining Services at the Baralaba North Mine over the last four years. The scope of work remained the same and included maintaining and operating a client owned fleet of equipment, producing an Ultra-Low Volatile PCI coal. The Mining Services Agreement will commence on the 1 July 2022.

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